Need Help?

Need professional advice for your consent to let with Bank of Cyprus UK? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Frequently asked questions relating to Bank of Cyprus UK consent to lease

  • After twenty years in Manchester, I'm considering relocating to be nearer to family. We've only been homeowners for the last two years and about to remortgage with Bank of Cyprus UK. In Bexley, we are be looking at a 4 bedroom house around the £250k mark. Ideally, we would like to keep hold of my existing flat. Could I ask for Consent to Let from the proposed new mortgage provider Bank of Cyprus UK. If granted what are the likely conditions?
  • I want a bit of preliminary advice as to whether consent to let is a feasible proposition. I bought my apartment 7 months ago by porting an existing Bank of Cyprus UK mortgage product. My fixed rate expired three months ago. I'm currently considering moving in with a new partner who has his own property and mortgage also with Bank of Cyprus UK, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to move to a buy to let mortgage yet for 2 reasons: 1) I need to find out whether letting my property is a viable option for myself and 2) I need to raise extra capital to satisfy the 65% LTV ratio required for a buy to let mortgage. It would be preferable to get a consent to let from Bank of Cyprus UK for a couple of years in order to be more secure in becoming a possible landlord and to generate the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
  • Me and my husband are in a complex mortgage scenario currently. We have to let our apartment with consent to let and move to a new due to schooling. We are about to rent a property. We are finding it extremely difficult to find a better mortgage deal for our consent to let home. Is there is a list available as to which lenders grant consent to let and what their conditions are?
  • Fifteen years ago I was granted permission by the local council and my lender Bank of Cyprus UK to convert a small barn into a granny annex, conditional on it not being disposed of separately from the main house. My parents died some years ago and I would now like to rent it out with consent to let from Bank of Cyprus UK. Do you think this can be negotiated?
  • I took a residential mortgage with Bank of Cyprus UK and with my circumstances changing significantly in the last three months, can I obtain consent to let. What changes will affect me?
  • Can I refinance with Bank of Cyprus UK with consent to let if my fixed rate is reaching it’s end. Circumstances would not have changed.
  • I took a domestic mortgage with Bank of Cyprus UK, and I would like to rent the property out, until I decide whether to sell or keep it as an investment. At the moment I am on the fixed rate. Will I need to move onto a new mortgage? I.E. buy to let?
  • I have an annexe in our garden. Do we need consent to let this from Bank of Cyprus UK? If so, what is the process if I would like to transfer the mortgage to consent to let?